In the USA alone, 70 percent of small businesses are being run by a single person.
Are you a small business owner that’s still wearing the hats of every department?
We have 5 tasks that you can use outsourcing to help you with. Run your business the smart way and focus on the things your good at and the things you love.
Outsourcing Definition
Outsourcing means that you hire a 3rd party from outside of your business to complete a task for you. It can be something that you would usually do in-house but can’t do anymore. Or it might be something you’ve never had the knowledge or skills to achieve.
Benefits of Outsourcing
There are many reasons to outsource certain tasks in your business. If there are things you don’t really know how to do, outsourcing them means they get done faster and they get done right.
Outsourcing can also increase productivity and financial return. Mistakes in accounting can be costly for example. Outsourced accounting services take care of that worry.
5 Outsourcing Tips
You may not have considered outsourcing before. With these 5 tips, you’re sure to realize the benefits of outsourcing at least one part of your business.
1. Be Skills Savvy
Some things like accounting and tax can be pretty complicated. They aren’t the sort of thing you want to get wrong and could be best left to an expert.
Identify you and you’re employees’ strengths, abilities, and limitations. If there are gaps in your skillset, consider outsourcing.
2. Cut Costs
Some things just don’t need to be done that often. It can be cheaper to outsource a task occasionally than to employ someone full or even part-time.
Take a close look at whether employees have enough work for the time you employ them. If they don’t, consider outsourcing for that position when and if you need to.
3. Be Time Wise
Some things are just really time-consuming. Customer service and human resources, for example, can take up more and more of your time as you grow.
Consider customer service outsourcing to free up your time and give your customers a professional and enjoyable experience. Bad customer service can be crippling for businesses. It’s more important to get it right than you might think.
There are also legal requirements for how you treat your staff. One thing you need to provide is a pay stub. There are selections of check stub template online if you’d rather keep payroll in house.
4. Know What You Need
When outsourcing a task, be clear about what you need and what you want. Define the goals and costs of a job upfront and make sure everyone understands them.
5. Don’t Rush
Don’t pick the first company you come across to outsource to. Treat an outsourcing partner like you would an employee. Make sure you’re happy with their experience and skills before you say yes.
Cheaper isn’t always better either. Sometimes a company is cheap because the service is cheap. Try not to let money be your primary concern but don’t go above your budget.
Need More Help?
Now you know what outsourcing is, why you should use, and how.
We have lots of other resources to help you manage your business better, from startups to entrepreneurs.
Leave us a comment and let us know what you think.
